Screwjack Ltd

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 8

Screwjack Ltd

Balance Sheet

31 May 2025

	Note	2025 £	2024 £
Current assets
Stocks	5	107,019	109,852
Debtors	6	154,498	224,715
Cash at bank and in hand		73,643	56,815
		335,160	391,382
Creditors: Amounts falling due within one year	7	(175,490)	(239,518)
Total assets less current liabilities		159,670	151,864
Creditors: Amounts falling due after more than one year	7	-	(10,000)
Net assets		159,670	141,864
Capital and reserves
Called up share capital		2	2
Profit and loss account		159,668	141,862
Shareholders' funds		159,670	141,864

Screwjack Ltd

Balance Sheet

31 May 2025

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 May 2026 and signed on its behalf by:
 

......................................... L Jones Director

Company Registration Number: 04287804

Screwjack Ltd

Notes to the Financial Statements

Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Towngate House
2-8 Parkstone Road
Poole
Dorset
BH15 2PW

The principal place of business is:
Unit 16c & 16f
Chalwyn Industrial Estate
St Clements Road
Poole
Dorset
BH12 4PE

These financial statements were authorised for issue by the Board on 11 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for that of the sale of motorised access gates and conservatory hardware in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when the motorised access gates and conservatory hardware are provided to the customer. Revenue from services is recognised as they are delivered.
 

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Screwjack Ltd

Notes to the Financial Statements

Year Ended 31 May 2025

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense
recognised as other comprehensive income is also recognised directly in other comprehensive
income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been
enacted or substantively enacted by the reporting date in the countries where the company operates
and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Screwjack Ltd

Notes to the Financial Statements

Year Ended 31 May 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

Screwjack Ltd

Notes to the Financial Statements

Year Ended 31 May 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 June 2024	9,610	9,610
At 31 May 2025	9,610	9,610
Depreciation
At 1 June 2024	9,610	9,610
At 31 May 2025	9,610	9,610
Carrying amount
At 31 May 2025	-	-

5

Stocks

	2025 £	2024 £
Stock	107,019	109,852

6

Debtors

	2025 £	2024 £
Trade debtors	1,117	1,408
Prepayments	1,612	1,464
Other debtors	151,769	221,843
	154,498	224,715

Screwjack Ltd

Notes to the Financial Statements

Year Ended 31 May 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	10,000	10,000
Trade creditors		119,125	79,100
Taxation and social security		14,336	11,357
Accruals and deferred income		9,482	8,739
Other creditors		22,547	130,322
		175,490	239,518

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	-	10,000

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	10,000

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,000	10,000

There are no amounts included within loans and borrowings where any security has been given by the small entity.